Woman Arrested For Loanshark Harassment

The Police have arrested a 62-year-old woman for her suspected involvement in a case of loanshark harassment.

On 4 October 2018, the Police received a report of loanshark harassment where a debtor note was pasted on the main gate of a residential unit along Fernvale Street and was locked with a bicycle lock.

Through investigations and with the aid of CCTVs and Police Cameras (POLCAMs), officers from Ang Mo Kio Police Division established the identity of the suspect and arrested her on 10 October 2018.

The woman will be charged in court on 12 October 2018 under the Moneylenders Act 2010 (Revised Edition). First time offenders found guilty of loanshark harassment shall be fined not less than $5,000 and not more than $50,000 with mandatory imprisonment of up to 5 years.

The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruptions to public sense of safety, peace and security will be arrested and dealt with severely in accordance with the law.

Members of the public are advised to stay away from loansharks and not to work with or assist the loansharks in any way. The public can call the Police at ‘999’ or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in illegal loansharking activities.